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KPMG Kundu Update.pdf

KPMG PNG Kundu January 2023.pdf
Preview of KPMG Kundu Update
🔗 Source: assets.kpmg.com
📊 Size: 251 KB
👤 Author: Joku-Gandari, Nicole (PG)
⬇️ Downloads: 80

Summary

KPMG discusses AML/CTF requirements and their impact on PNG businesses, and reveals how higher interest rates and inflation may affect impairment testing of non-financial assets. The new Investment Promotion (Amendment) Bill 2022 was passed, and registered entities must re-register by 31 December 2023. Tax compliance planning is recommended, with income tax return deadlines expected to be 30 June 2023 for taxable returns and 31 July for non-taxable returns. Higher interest rates and inflation may significantly impact impairment testing, particularly for companies using discounted cash flow models, affecting key inputs such as forecasted revenues, profitability, and discount rates.

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Description

KPMG discusses AML/CTF requirements and their impact on PNG businesses, and reveals how higher interest rates and inflation may affect impairment testing of...

Technical Information

  • File Format: PDF
  • File Size: 251 KB
  • Pages: 6
  • Language: EN
  • Author: Joku-Gandari, Nicole (PG)
  • Total Downloads: 80
  • Last Updated: 1 week ago

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